Cleveland, OH (PRWEB) March 27, 2012
The latest compliance specification and implementation dates to the Tenant Rental Assistance Certification System (TRACS) 202D have been finalized by the TRACS 202D Industry Working Group.
Based on the conclusion of the March 14, 2012 TRACS Industry meeting in Washington, the go-live date, when 202D files are first accepted by Contract Administrators and TRACS, has been moved from July 1, 2012 to March 1, 2013. The final cutover date (the last date on which TRACS will accept files in the current TRACS 202C format) has been changed from October 31, 2012 to August 31, 2013.
Under 202D, a new HAP Voucher form and a new record for reporting these transactions electronically are being introduced.
“The lengthening of the transition period should allow for a less rushed deployment by both software providers and owner/agents,” commented Jed Graef, chair of the certification working group and affordable housing compliance manager at MRI Software. At HUD’s request, Graef drafted the formal specification documents that TRACS and software vendors will use to ensure compliance and has been intimately involved in the creation of the TRACS 202D Industry Specification.
MRI Software will be ready and waiting with Bostonpost Property Manager.
Bostonpost Property Manager is MRI’s flagship affordable housing management software solution. Property Manager uniquely supports all affordable housing programs seamlessly, including HUD, USDA, DHCR, public housing programs and low income housing tax credits, while enabling real-time access to all property, tenant, compliance, financial, and maintenance information.
“We are ahead of the game in compliance for our affordable housing management software,” said David Post, Chief Executive Officer of MRI Software. “Thanks to Jed Graef’s involvement in Washington, we are uniquely positioned to continue Bostonpost’s exemplary legacy in compliance readiness.”
TRACS is the electronic system that owners and managers of HUD Multifamily housing are required to use to send certifications and HAP vouchers to Contract Administrators and to HUD. 202D is designed to streamline the HAP voucher process and make it paperless.
About MRI Software
MRI offers business management software solutions to the global property management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its 40 years in business to develop long-term successful relationships with its clients. For more information, please visit http://www.mrisoftware.com.